6. 5. (4 points) Assuming the asset in questions 1 and 2 has an increase in fair value to $5,100,000 in 2022 and that Lucren intends to dispose of the asset (cost of disposal is estimated at $20,000), prepare the journal entry (if any) necessary to record this increase. Debit Credit (4 points) Given the data in question #4, prepare the depreciation expense entry (if any) for the asset at 12/31/21. Debit (6 points) Selected data for Katan, Inc. at 12/31/21 is as follows: Total assets Total liabilities Net sales Net income 12/31/20 $930,900 197,100 515,700 80,700 12/31/21 $920,100 208,600 517,400 On the next page, compute the following ratios: 67,200 (a) Asset turnover (b) Return on assets (c) Profit margin on sale Credit